Hotel/guest house for sale in Turriff, Aberdeenshire AB53

£800,000
Hotel/guest house for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Freehold, 10 en-suite letting rooms, 24 capacity private function room, Guest Lounge
  • 80 Cover Restaurant, 20 Covers for outside dining also used for Weddings & private functions.
  • 3 Bedroom Owners accomodaton, Lapsed planning permisison for additional 7 letting bedtooms.
  • Highly Profitable Business. Turnover 2018 £820,000

Property description

Reference - 46054

Description
The Fife Arms Hotel, Turriff is an extremely well run business that has been run by the current proprietors since 2008. The property dates back to the early 18th Century as a staging Inn. Since purchase the current vendor’s have renovated the hotel throughout, with the addition of extending the restaurant. The hotel is now presented in excellent condition throughout, and offers a highly profitable family business. The property has been placed on the market due to the current proprietor’s wish to retire from the hospitality industry. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4.5 out 5 on trip advisor and being highly regarded in the area. Additional marketing is carried out through its own informative website
The business is trading extremely well but offers any potential purchaser the opportunity to expand both the property and business.

Situation
The Fire Arms Hotel has an eye-catching location in The Square in the centre of Turriff – well placed to draw custom from the locals as well as attracting visiting and passing trade.

Turriff, for centuries, has been an important centre for the agricultural and rural activities – business, commercial and sporting – of Aberdeenshire and remains one of the liveliest and busiest towns in the locality – truly the "beating heart" of the community and the surrounding rural hinterland. Whilst agriculture, and all the services associated with it, remain the predominant industry "feeding" custom to the Fife Arms Hotel there is in addition an important influx of sportsmen – fishing and shooting – to Aberdeenshire.

Building Internal
The Fife Arms dates back to the early 1800s, and sits commandingly within the Square in the centre of Turriff. The property is a detached stone built property, that has been tastefully renovated and extended by the current vendors.

The main entrance of the Hotel is via traditional entrance from the front. The main entrance leads into a reception hallway. The hallway is well presented and tastefully decorated in keeping with the property. To the left of the hallway you will find the private room ideal for conferences or private dining. To the right on entry you will find the Guest lounge. The lounge is well presented and is well furnished with wooden tables together with tub chaird and sofa seating. The lounge offers an ideal space for pre and after dinner drinks, as well as a popular meeting place for friends having coffee.

To the left of the lounge you will find the Restaurant/Function Suite. The Restaurant is well presented with modern décor and furnishings, having been fully renovated and extended by the current vendors.

The Restaurant can accommodate 70-80 covers and doubles as a function suite. The restaurant has been extended and now offers concertina doors between the two spaces, allowing for separation, for smaller functions, whilst the restaurant is still in operation. The restaurant also gives access to an outdoor dining area to the rear, seating up to 20 persons.

Ladies and Gents facilities and well located of the public areas on the ground and first floors.

Letting bedrooms are situated on the 1st floor

The Fife Arms Hotel has 10 letting bedrooms, all of which are ensuite. The bedrooms are set over the 1st floor and comprise of 8 doubles, 1 twin room and 1 superior double. This year there has been a full refurb has been carried out on all 10 en-suite bathrooms.

All of the bedrooms are presented to a good modern standard and benefit from ensuite shower rooms, flatscreen TVs, telephones, hairdryers, Wifi and hospitality trays.

Owners Accommodation/staff accommodation
Located on the first floor you will find the owners accommodation. The owners apartment comprises of 2 double and 1 single bedroom, shower room, living room and kitchen.

Currently the vendors use the apartment as staff accommodation and storage. The flat would offer ample space to increase the letting rooms, or provide excellent family living.

Services
We are advised the property has all mains services.

Service Areas
As expected with a property the style and size of the Fife Arms Hotel, there are ample service areas including; fully fitted commercial kitchen, excellent storage areas, along with laundry, cellar, dry goods store, spirit store, freezer room, managers office, prep kitchen, still room, and walk in chill.

There is ample storage on each floor of the hotel for housekeeping.

The property further benefits from CCTV and wifi throughout the property.

Building External
The property occupies and enviable location and sits commandingly within its own grounds. To the front you will find a public carpark. To the side of the property there is additional parking on private ground.
We are advised the ground to the side offers space to extend the property.

Business and Opportunity
The Hotel trades throughout the year. The business has a good mix of tourist guests, contractors and business visitors as well as serving the local community, who use the hotel for family functions. The Hotel offers lunch and dinner to non-residents.

The Hotel is regularly used by many local shooting parties, during the season.

Tenure
The property is held on the Scottish equivalent of Freehold.

Licence
The business trades with the benefit of a full Hotel Licence, and conforms to all fire regulations.

Summary
The sale of The Fife Arms Hotel offers a rare opportunity to purchase a high quality, beautifully presented property which is trading well but with potential for expansion of the business. Viewing is highly recommended.

Price
oiro £825,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Arrange Viewing

For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

Contact Bruce & Company about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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